🚀$ME Token Wakes Up — Is This the Start of a New Leg? 🚨

📖 Trade Description:

The chart opens on a rough backdrop — $ME /USDT had been in a consistent downtrend, pushing below all major EMAs on the 1H and 4H. Traders were watching from the sidelines, many expecting more downside...

But then something changed.🤔🪽

As the RSI dipped into near-oversold territory, printing a low of around 30, we saw a strong bullish engulfing candle, reclaiming lost territory. Bulls stepped in just before the 0.860 zone.

🔄 The first sign of recovery?

A textbook EMA challenge — price pushed above the 20 EMA and kissed the 50 EMA, while the 100 EMA sits just above at 0.901. This is the battle zone now.

📊 Indicators Telling the Story:

RSI: On 1H, it has climbed above 50, currently at 51.54, crossing above the signal line — momentum favors bulls.

MACD: Histogram flips green, MACD line crossing upward, early signs of trend reversal.

Volume: Quietly building on the move up — suggesting the rally isn’t just a bounce, but a reaction.

📌 Key Levels to Watch:

Resistance Zone: 0.896 – 0.904 (cluster of EMAs & price rejection points)

Breakout Confirmation: A candle close above 0.906 with follow-through

Support Zone: 0.860 (structure bottom)

🎯 Potential Strategy Plan:

Entry (Spot/Futures): Buy between 0.880–0.882 (after minor pullback)

Target 1: 0.916

Target 2: 0.947

Stop-loss: Below 0.870

🧠 If $ME closes the next few candles above 0.900 and holds, this could be the start of a stair-step recovery rally. Avoid chasing; better to wait for EMA breakout retest confirmation.

💡 Takeaway:

“Strong moves begin in silence.” This move is young, but technicals show coordination across RSI, MACD, and candle strength. Don’t rush, but don’t ignore it either.

📢 Not financial advice. DYOR and manage risk.

#MEUSDT #BinanceAlphaAlert #TrumpTariffs #MarketPullback #TradingSignals